Bryant Naranjo

$05/11/2510$:$41$ AM

$7$ of $25$

This test: $25$ point$($s$)$ possible

This question: $1$ point$($s$)$ possible

Match the variance to the correct definitions.

Definition

Variance

The difference between the expected results in the flexible budget for the actual units sold and the static budget. $$

The difference between actual results and the expected results in the flexible $$ budget for the actual units sold.

$$

Measures how welf the business keeps unit costs of material and labor inputs within standards.

The difference between actual results and the expected results in the static $$ budget.

Measures how well the business uses its materlals or human resources. $$